Eligible Members:
Hired before 5/9/1996
Vesting:
5 YCS
Age/YCS:
65 years
Benefit Formula:
The greater of: A) $15 x YCS up to 10; or B) (1.2% x FAS x YCS <= 20) + (0.65% x FAS x YCS > 20) + (0.65% x FAS > Monthly Covered Compensation <= 35 YCS); or C) accrued benefit as of 9/30/1989, YCS frozen as of 5/8/1996
Final Average Salary:
Highest 60 consecutive months within final 120 months, frozen as of 5/8/1996
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
Yes